Self-publishing seems to be all the hype right now. Whether you first try to get an agent or go straight to publishers and are unable to get their attention, or decide to skip attempting the traditional route altogether, you’re looking into self-publishing.
It seems like a good deal. You don’t have to mess with any of the middle men, who take the majority of the money your novel makes. You have the freedom to choose how you want to represent your work. You even get to select what you want your book cover to look like.
You’ve heard the success stories:
- Andy Weir’s The Martian was originally self-published in 2011. It’s now been re-released through Crown Publishing, a subsidiary of Random House, and was made into a movie directed by Ridley Scott and starring Matt Damon.
- Fifty Shades of Grey by E.L. James was not only first self-published, but also was based on fan fiction. The rights for this novel were obtained by Vintage Books, a subdivision of Random House, in 2012. Selling over 125 million copies, this book was made into a movie that earned over $571 million worldwide.
- Mark Dawson’s self-published John Milton series has sold over 300,000 copies. And while that in itself is impressive, Amazon pays for Mark to speak at seminars and workshops, sort of like their poster boy for the self-publishing world. To learn more about Mark’s success story, click here: “Amazon Pays $450,000 A Year To This Self-Published Writer.”
- Amanda Hocking self-published out of a need to make some desperately needed money. Over a period of about 20 months, Amanda sold 1.5 million books and made more than $2 million. To learn more about her story, click here: “Amanda Hocking, the writer who made millions by self-publishing online.”
What you don’t hear so often are the hundreds of thousands of people who self-publish in the hopes of making enough money to quit their day jobs and end up not finding success.
Talking Writing’s article “Three Money Lessons For Starry-Eyed Authors” discusses the truth of self-publishing.
In this article, three lessons are addressed:
- “There’s Way Too Much Competition”
- It’s really easy to self-publish. Therefore, everyone and their grandma feel like giving it a try. On one hand, it’s great that people have the freedom to see their work published. On the other hand, most times the work wasn’t ready to be published, or in some cases, should have never seen the light of day. (I’ve seen multiple self-published novels that have misspelled titles.) It’s this other hand that causes a lot of problems because (1) your work gets lost in the noise and (2) a stigma forms about self-publishing.
- “Literary Fiction Is Still the Ugly Cousin”
- Literary fiction, as opposed to genre fiction, has never been all that great at selling books in the traditional publishing world. Literary fiction sells even worse in self-publishing.
- “You Can Drive Yourself Insane Tracking Sales”
- Having the ability to check real-time sales is both a blessing and a curse. When your book is selling well, you get a positive boost every time you check your sales statistics. However, when your book isn’t selling, the real-time sales can become a black hole that takes over your life.
These three challenges aren’t meant to deter you, if you’re interested in self-published. They’re here to show you that you most likely won’t get rich quick with self-publishing and that self-publishing involves a lot of work (potentially more work than traditional publishing because you are responsible for doing and paying for everything). But, like with everything, self-publishing presents opportunity, and with opportunity, there’s always a chance of phenomenal success.
Have you ever self-published or been interested in self-publishing?
(Photo courtesy of khrawlings.)